Rogers Corp.: 2Q Earnings Snapshot
CHANDLER, Ariz. (AP) _ Rogers Corp. (ROG) on Tuesday reported second-quarter net income of $17.3 million.
The Chandler, Arizona-based company said it had profit of 93 cents per share. Earnings, adjusted for one-time gains and costs, were $1.19 per share.
The specialty materials company posted revenue of $214.7 million in the period.
For the current quarter ending in October, Rogers Corp. expects its per-share earnings to range from $1.25 to $1.40. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.48.
The company said it expects revenue in the range of $220 million to $230 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $220.9 million.
Rogers Corp. shares have decreased 28 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $116.58, a decline of 1 percent in the last 12 months.